There are dangers in catching a knife as it drops. The danger is in securely grasping the handle instead of the blade. There are repercussions for missing the handle, some of which could be painful. What would some of those repercussions be? The repercussions of missing your mark and grasping the falling blade can be measured in either adhesive bandages or lengthy visit to the Emergency Room. Sounds like the risk of catching a falling knife are not worth the reward.
Similarly in the Richmond custom homes market, catching a fabulous deal on a used home comes with a set of repercussions. The repercussions could be as simple as the need for maintenance or as profound and catastrophic as reconstruction. The value of a used home needs to be inspected with a keen eye, determining more than the initial cost of homeownership.
During the last few years of the real estate market, it has been tricky to determine the value of Richmond new homes. The difficulty lies with the homes that have fallen into distressed situations and have either faced foreclosure or have been foreclosed. The downward pressure on prices has affected neighborhood homes and been tremendous on home valuation — except in one small pocket of Richmond’s West End.
In this stable real estate pocket there is a neighborhood called Westcott at Grey Oaks. Composed of new homes by Boone Homes, Westcott at Grey Oaks has maintained high values because the neighborhood is building a luxury estate home that cannot be duplicated in Richmond. The location of Westcott at Grey Oaks places the homeowner in the heart of Short Pump: a district with the finest schools and near the central nervous system of transportation byways.
The neighborhood of Haywood Village at Charter Colony, with luxury homes in Richmond by Boone Homes, will now be even more convenient to quality health care.
Bon Secours St. Francis is soon to open a new location in the Watkins Center at the intersection of Highway 288 and Midlothian Turnpike or Highway 60. This new Bon Secours location will fitted with a 24/7 emergency department, imaging center for MRI, CT and X-ray, will have physical therapy and sports medicine services and an on premise laboratory. The convenience of this new facility will be paramount for the 50,000 people who shop and live within a 3 mile radius of the new facility.
In the past, those who wanted a home that required less maintenance typically had to downsize to smaller Richmond new homes. This process could be painful because with less stuff comes the loss of precious memories associated with those items. Deciding how to part with furniture that had been in the family for decades seemed almost as painful as the funeral of a loved one. Such was the anxiety of downsizing that few would attempt the process without breaking into denial. The change to simplicity was fraught with sadness.
Boone Homes believes that enjoying simplicity doesn’t mean you have to downsize. A no maintenance home gives you the ease you’re seeking without the need to eliminate and downsize. Each luxury no maintenance home is built with simplicity in mind. All homes are artfully designed for one level living with all of life’s activities taking place on the first floor. The second floor accentuates the first with a design for the occasional guest or holiday visitor.
Tarrington on the James is composed of elegant, luxury homes in Richmond, and there is currently one available for an immediate move-in. You’ll fall in love with this Artisan home built by Boone Homes.
There are plenty of reasons why you will want to take a look at this new home. The first-floor boasts an expansive family room with a gas log fire place turned down low for that late night show. The cozy breakfast area and designer kitchen with granite counter tops augment the interior appeal of the home and provide the gathering place for the party or holiday event.
What is the perfect age to buy luxury homes in Richmond with a no maintenance lifestyle? Certainly a great question to ponder. To completely analyze whether the lifestyle would be a good fit, we need to start by asking the right questions. Here are a few:
1. Do I enjoy mowing the lawn?
2. Do I enjoy raking and disposing of leaves?
3. Do I enjoy cleaning gutters?
4. Do I enjoy painting?
5. Do I enjoy snow removal?
6. Do I enjoy the soothing effects of a pain medication and a heat pad after a day in the yard?
Boone Homes, a Richmond new home builder, is proud to announce the release of an improved plan for the Courtyard Homes at Tarrington on the James. The Hampworth, a new, enhanced home floor plan, is under construction in the no maintenance homes section of Tarrington. This floor plan was specifically designed by our staff architects to accentuate one-level living. Each detail of the home is to exude brilliance in planning and luxurious comfort. From formal spaces for entertaining the occasional dinner party to the relaxed luxury of the family room’s coffered ceiling, each detail is melded with function. The second floor is designed with additional bedrooms and bathrooms to be occupied by those attending the family gathering or holiday event.
How do you measure the value of new homes in Richmond? Well, how do you measure the color blue for that matter? Can a tape measure accurately determine the depth of the color? Where can one turn to measure the depth of the color blue? At some point in a perplexing question you get the feeling you are being watched. A perplexing question can stir the soul and captivate the mind. Questions can be somewhat like what Nietzchze said “when you stare into the abyss the abyss stares back at you.” What’s the answer? How do you measure the color blue?
Answer: Blue cannot be measured with any tool we have in our garage or hardware store.
In our last post Boone Homes exposed two very important demands in establishing the fair market value of the Richmond custom homes that you own or are looking to purchase. As a matter of review, we discussed how it was imperative to compare your homes to similar homes in a like geographic setting. Today we will expose the last two demands.
Demand number three: Fair market demands a home that is for sale should be compared to other recent sales: An indication of where the housing market has been is in the history of recent sales. Homes that have sold in the last 90 days will carry more value and sway than homes that have sold in the 12 months. The picture of the last 12 months will give you an indication of where the housing market is headed, but it will still only speak of history. For example, in most areas of Richmond the market has been declining, revealing a buyer’s market. Recently, the metrics for these same neighborhoods have been revisited to show moderate increases. Though we are far from a seller’s market, the data seems to indicate that prices have stabilized or are on the rise.
A comparative market analysis to determine the fair market value of new homes in Richmond is a science though lately it may feel like an art. Volatile times and rapidly adjusting prices can cast a mysterious aura over the pricing process, but in reality a market analysis is very simple. To remove the mystery, Boone Homes will expose four basic demands of fair market value.
Demand number one: Fair market pricing demands a home be compared to other similar homes. When comparing homes to other homes it does not simply mean comparing homes with four walls and a roof acting as shelter with other homes that fit the same criteria. A true market analysis must take into account the age, condition, features in the home, construction styles and size of the home site. In simpler terms, a one-level home cannot be compared accurately to homes with a second story nor can homes with first-floor owner’s suite be accurately compared with homes that have the traditional second-floor owner’s suite. Comparisons of mismatched homes will not accurately represent a home’s value. Comparisons to foreclosures or distressed properties will not give a true reflection on a home’s market value unless the predominant inventory in the neighborhood is distressed.
If you’ve been waiting to purchase one of our new homes in Richmond at Haywood Village at Charter Colony, time is running out. We recently sold the community’s model home and now only three homes and one lot remains at this luxury community in Chesterfield County.
Two of our standing inventory homes feature The Dovercroft design. These homes are perfect for buyers who don’t want to wait on new home construction. This floor plan offers everything you need for entertaining family and friends this holiday season including 3,049 square feet, five bedrooms, 3.5 bathrooms, formal living and dining rooms and a gourmet kitchen with large pantry and kitchen island. It even boasts a spacious owners’ suite with retreat, his and hers walk-in closets, tub and separate shower for when you need to relax after your guests leave.
Each fall Richmond home builders, like Richmond custom home builder Boone Homes, as well as those all across the nation organize a showcase of homes and open the homes up for the public. For three weekends, potential homeowners can tour these homes and dream of building a new home. These homes are designed meticulously and accessorized to entice you into fulfilling your dream of building a new home. Many of the homes in the Parade will be fitted with latest energy saving features and design trends. If you are considering building a home in the future, the Parade of Homes is certainly a good event to attend.
Offering closing bonuses to entice people to sell or buy new homes in Richmond is not a new thing. Many bonuses take the form of gift cards, credits or as lively as beer. Yup, you heard me right, beer. Recently one seller in Chicago, as reported by Tara Steele on AgentGenius.com, decided that a fraternity-style appeal would be necessary to sell her home which prompted her to offer a $1,000 beer bonus at a local bar for the lucky purchaser to enjoy after closing. Do you really need that much beer to make the deal look good? What would the implications of this frat-style offer be?
Boone Homes, a Richmond custom home builder, does not need to include thousands of dollars of libations in order for you to know you received a great home at a fair price. Each Boone Home is crafted with care from the conceptual thought, through production and settlement. Furthermore, each new home is monitored by a warranty and service team with predetermined and scheduled service at 60 days and at the 11 month mark so you don’t have drink to forget a poor choice.
Richmond custom home builder Boone Homes would like to ask: Have you ever felt caught? You know, the feeling of hopeless anger touching the last nerve of patience and mushrooming into a cloud of despair? Usually that happens during one of two times. One, when someone has manipulated events to gain the upper hand; or two, when our thinking was less than critical and we left irrelevant information out that should have been considered. The second trap is the most dangerous of all because we convince or reason our minds into what an answer should be without considering crucial angles. As a new home professional working with Boone Homes, I see this quite often. Let me explain.
Many who are on the hunt for a home these days are surrounded by exceptional opportunities in real estate. The Richmond real estate market is no different and is equally laden with used homes and plenty of opportunity. The challenge with these opportunities lies in while they may fit the budget and portray a tremendous opportunity they don’t address a hidden trap. The trap of what the future holds. This trap has many consequences; we will only discuss two today.
School is in full session, the kids have left their new homes in Richmond (at least for the day) to learn all that they can and vacation is now in the records of history. The future holds a variety of tests, quizzes and volumes of literature to be consumed. Learning takes time, effort and dedicated preparation. Good grades are not a mystery. Excellence does not happen by chance. A great student excels because of planned and executed effort.
At Boone Homes, we are committed to building homes with planned excellence and distinction. Our research into building technology guides our application and completely ensures each home will be built following the best practices within the industry. Every home built is meticulously crafted with dedicated and scientific effort. We start the process with a well-designed floor plan and intricate architecture which is then built with intention and care. Couple a studious design with care and an Energy Star qualified package and you will find intentional excellence. Excellence does not happen by chance.
How much thought do you put into looking for, researching and planning the purchase of your new home in Richmond? Is it as much as you would for, say, your wedding day? What value is there in having your way?
The bride wants the wedding her way so she is willing to dole out significant levels of cash for the right atmosphere, location and restaurant. The food is carefully selected down to the very last appetizer and cake decoration. Every little detail is planned down to who will be in which pictures, what will be said and when it will be said. The icing on the cake is selected from a number of options so that the fairy tale day will correctly fold into the annals of history. Why is one day in life given so much attention while other details, with identical consequences, seem to only marginally arouse interest? Do you give this much attention to detail in other aspects of your life?
We make decisions every day: Simple decisions like, what will make for lunch in the kitchens of our Richmond maintenance free homes, or what is the best time to call my mom? The cumulative effect of these decisions is who we are today. Some decisions were obviously good in hind sight. Others, well, we can laugh off as indiscretions.
Very few repercussions effervesce from the simple decisions, but what about other bigger decisions like:
1. How will I handle aging?
2. How long will I be able to be independent?
What is your best investment? Think, but don’t think stocks, bonds or IPO. Think bigger. What do you have more of yesterday than today?
Time goes by and never comes back. Investments may appreciate with time, but time depreciates over time. What would make time more valuable? The law of supply and demand would probably apply to this resource as well. The less time you have the more valuable it becomes. There are plenty of chores that need to be done: balance the check book, maintain the cars, visit family, work a job, organize holiday parties and visit the beach. Which begs a question: why waste time on maintaining a yard of your new home in Richmond?
Swirling trees, gale force winds and driving rain can be a combination for destruction. New homes in Richmond within reach of a hurricane feel the wrath and fury of the storm. The saturating rain softens the ground causing trees to tip over destroying all within reach, including power lines. Being without power while camping for a weekend may be exciting, but it’s not as exciting when you’re living in your own home without power. Many times the absence of power can even stop the flow of water. Rustic camping is one thing, rustic camping in your own home is another.
For this reason, many of Boone Homes’ customers decide to add a generator switch to their home during the construction phase. These generators can be portable generators that are hooked up to the switch once power is lost or a whole house generator with a separate circuit breaker and powered by the natural gas.
Shake, Rattle and Roll took the Central Virginia area by surprise this past week. The ground quaked and shook with an earthquake and several after-shocks. The magnitude of the quake ended up around 5.9 with aftershocks in the 4s. Though this is no longer news, and certainly doesn’t match the quakes that happen on the West Coast, the damage left behind was not visible in neighborhoods where Boone Homes, a quality Richmond custom home builder, has built or is building. Why is this important?
Boone Homes builds quality homes. This statement is not just a motto, but a way of life. No one on the Boone Homes team is willing to let any detail slide. Structurally, our architects work hand-in-hand with our engineers to ensure the home is built, not to the bare minimum standards of code, but well above code. All of our new homes in Richmond are then built to ensure a lifetime of enjoyment.